US venture capital firm Backswing Ventures has announced an investment in Ukrainian defense technology company Vigilant Works, which develops autonomous counter-drone systems, high-speed interceptor drones, and radar technologies. The investment amount and transaction terms have not been disclosed.
The funding will be used to further develop autonomous guidance technologies, enhance radar systems, prepare for scaling up production, and expand the company's presence in NATO and allied markets.
Vigilant Works is developing an integrated counter-UAV system that combines interceptor drones, proprietary autonomous control software, and radar detection capabilities. The company's first model, Algiz-1, has undergone testing under combat conditions. The developer is currently working on its next-generation interceptor, Algiz-2, which, according to the company, has a maximum speed exceeding 600 km/h. The new model is already undergoing active testing in combat environments.
In addition, Vigilant Works has reported securing its first commercial contracts outside Ukraine. The company continues to develop its proprietary autonomous control technologies and radar solutions in Ukraine while preparing to expand production capacity and enter markets in NATO-allied countries.
Vigilant Works is a participant in Ukraine's Brave1 defense technology platform. The company was also previously selected for the EU4UA program, implemented by Brave1 in cooperation with Ukraine's Ministry of Defense.
Backswing Ventures is an early-stage venture capital firm specializing in investments in defense technologies and security solutions. The firm supports projects considered critical to national security and the development of the defense sector.
